Maiden Holdings Correlations

Stocks . USA . 
Stock . Maiden Holdings
MHLA Stock  USD 14.70  0.12  0.82%   
The current 90-days correlation between Maiden Holdings and Maiden Holdings North is 0.28 (i.e., Modest diversification). The correlation of Maiden Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Maiden Holdings Correlation With Market

Significant diversification

The correlation between Maiden Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maiden Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Maiden Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maiden Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Maiden Stock

  0.79RZB Reinsurance GroupPairCorr
  0.7AIZN AssurantPairCorr
  0.62EMCGR Embrace Change AcquiPairCorr
  0.63EVTC EvertecPairCorr
  0.66DISTR Distoken AcquisitionPairCorr
  0.77FLYW Flywire CorpPairCorr
  0.76DLO DlocalPairCorr
  0.79FIS Fidelity NationalPairCorr
  0.74PRE Prenetics GlobalPairCorr
  0.76SWKHL SWK HoldingsPairCorr
  0.67OXSQG Oxford Square CapitalPairCorr
  0.72NEWTG NewtekOne, 850 percentPairCorr
  0.9RWAYL MSCI ACWI exAUCONSUMERPairCorr
  0.81MOGO Mogo IncPairCorr
  0.75PRTH Priority TechnologyPairCorr

Moving against Maiden Stock

  0.58FACT FACT II AcquisitionPairCorr
  0.47RCB Ready CapitalPairCorr
  0.39AFGE American FinancialPairCorr
  0.42KPLTW Katapult Holdings EquityPairCorr
  0.39STEC Santech Holdings Symbol ChangePairCorr
  0.34MSPR MSP Recovery Symbol ChangePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SOJC
+ 0.78
EAI
RZB
+ 0.77
MHNC
ENO
+ 0.49
EAI
EAI
+ 0.31
MHNC
SOJC
+ 0.22
ENO
ENO
+ 0.19
MHNC
  
High negative correlations   
SOJC
- 0.18
RZB
EAI
- 0.03
RZB

Risk-Adjusted Indicators

There is a big difference between Maiden Stock performing well and Maiden Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Maiden Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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